Valley National Bancorp’s recently made public that its 10% Owner BANK LEUMI LE ISRAEL BM acquired Company’s shares for reported $9.35 million on Nov 08 ’24. In the deal valued at $9.35 per share,1,000,000 shares were bought. As a result of this transaction, BANK LEUMI LE ISRAEL BM now holds 72,861,862 shares worth roughly $639.73 million.
Then, MENDELSON AVNER bought 402,000 shares, generating $4,184,389 in total proceeds.
Before that, CHILLURA JOSEPH sold 50,000 shares. Valley National Bancorp shares valued at $520,000 were divested by the SEVP, CML Banking President at a price of $10.40 per share. As a result of the transaction, CHILLURA JOSEPH now holds 445,249 shares, worth roughly $3.91 million.
Piper Sandler upgraded its Valley National Bancorp [VLY] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid November from “a Neutral” to “an Overweight”. Barclays also remained covering VLY and has increased its forecast on October 31, 2024 with a “an Equal weight” recommendation from previously “an Underweight” rating. Morgan Stanley revised its rating on August 05, 2024. It rated VLY as “an Equal-weight” which previously was an “an Underweight”.
Price Performance Review of VLY
On Friday, Valley National Bancorp [NASDAQ:VLY] saw its stock fall -2.23% to $8.78. Over the last five days, the stock has lost -0.79%. Valley National Bancorp shares have fallen nearly -3.09% since the year began. Nevertheless, the stocks have risen 15.37% over the past one year. While a 52-week high of $11.10 was reached on 02/06/25, a 52-week low of $6.47 was recorded on 03/11/25. SMA at 50 days reached $9.55, while 200 days put it at $8.93.
Levels Of Support And Resistance For VLY Stock
The 24-hour chart illustrates a support level at 8.65, which if violated will result in even more drops to 8.53. On the upside, there is a resistance level at 8.95. A further resistance level may holdings at 9.13. The Relative Strength Index (RSI) on the 14-day chart is 39.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.52%. Stochastics %K at 58.33% indicates the stock is a holding.
How much short interest is there in Valley National Bancorp?
A steep rise in short interest was recorded in Valley National Bancorp stocks on 2025-03-14, growing by 1.67 million shares to a total of 27.78 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 26.11 million shares. There was a rise of 6.01%, which implies that there is a positive sentiment for the stock.
